About Ares Capital (NASDAQ:ARCC)
Ares Capital Corporation is a specialty finance company. The Company operates as a closed-end, non-diversified management investment company. The Company's investment objective is to generate both current income and capital appreciation through debt and equity investments. It invests primarily in the United States middle-market companies. It may from time to time invest in larger or smaller (in particular, for investments in early-stage and/or venture capital-backed) companies. It invests primarily in first lien senior secured loans (including unitranche loans, which are loans that combine both senior and mezzanine debt, generally in a first lien position), second lien senior secured loans, and mezzanine debt, which in some cases includes an equity component. It invests in various industries, such as automotive services, business services, consumer products, and containers and packaging. Ares Capital Management LLC serves as its investment advisor.
Industry, Sector and Symbol
Sub-IndustryAsset Management & Custody Banks
Trailing P/E Ratio9.71980713252951
Forward P/E Ratio9.78
Sales & Book Value
Annual Sales$1.16 billion
Price / Sales5.60
Cash Flow$1.44 per share
Price / Cash10.60
Book Value$16.65 per share
Price / Book0.92
Net Income$667 million
Return on Equity8.43%
Return on Assets4.88%
Ares Capital (NASDAQ:ARCC) Frequently Asked Questions
What is Ares Capital's stock symbol?
Ares Capital trades on the NASDAQ under the ticker symbol "ARCC."
How often does Ares Capital pay dividends? What is the dividend yield for Ares Capital?
Ares Capital announced a quarterly dividend on Tuesday, February 13th. Shareholders of record on Thursday, March 15th will be given a dividend of $0.38 per share on Friday, March 30th. This represents a $1.52 annualized dividend and a yield of 9.97%. The ex-dividend date of this dividend is Wednesday, March 14th. View Ares Capital's Dividend History.
How will Ares Capital's stock buyback program work?
Ares Capital announced that its board has authorized a share repurchase plan on Friday, April 7th 2017, which permits the company to buyback $300,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are often an indication that the company's board of directors believes its stock is undervalued.
How were Ares Capital's earnings last quarter?
Ares Capital Co. (NASDAQ:ARCC) released its quarterly earnings results on Tuesday, February, 13th. The investment management company reported $0.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.01. The investment management company earned $307 million during the quarter, compared to analysts' expectations of $301.38 million. Ares Capital had a net margin of 57.50% and a return on equity of 8.43%. The company's revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.42 EPS. View Ares Capital's Earnings History.
When will Ares Capital make its next earnings announcement?
Where is Ares Capital's stock going? Where will Ares Capital's stock price be in 2018?
10 brokers have issued twelve-month price targets for Ares Capital's stock. Their forecasts range from $15.00 to $19.50. On average, they expect Ares Capital's share price to reach $18.00 in the next twelve months. View Analyst Ratings for Ares Capital.
What are Wall Street analysts saying about Ares Capital stock?
Here are some recent quotes from research analysts about Ares Capital stock:
- 1. According to Zacks Investment Research, "ARES CAPITAL CORPORATION is a specialty finance company that is a closed-end, non-diversified management investment company. Ares Capital Corporation has elected to be regulated as a business development company under the Investment Company Act of 1940. Its investment objective is to generate both current income and capital appreciation through debt and equity investments. Ares Capital Corporation invests primarily in first and second lien senior loans and mezzanine debt, which in some cases includes an equity component, and, to a lesser extent, in equity investments in private U.S. middle market companies. " (2/15/2018)
- 2. National Securities analysts commented, "• For 4Q17, ARCC posted core NII/share of $0.38, a penny shy of our estimate but matching the quarterly dividend. We were, and are still, puzzled by what we see as a discounted valuation on ARCC shares. The market seemed to, for whatever reason, think that ARCC would not achieve dividend coverage despite acquiring ACAS for cash and stock, issuing a significant amount of shares, and having to recycle many lower yielding or non-yielding assets into its own originations. We think that as the company continues to make excellent progress in the recycling of these assets and ramps the SDLP that core NII will cover the dividend even absent the $10.0 million in fee waivers the external manager has granted the company for up to 10 quarters subsequent to the ACAS deal closing. This will likely be up a positive catalyst for shares, in our opinion.
• Ares announced that its SDLP program is being expanded to more than double in size to $6.4 billion from $2.9 billion with additional capital from Varagaon, ARCC, and a “leading global insurance company” being invested in the program that had a yield by cost of 14.5% as of 12/31/17. As a reminder, the SSLP loans were repurchased and the program wound down entirely in 2Q17. As of 4Q17, the SDLP was only 4.1% of the portfolio at cost and CLOs were 1.0%, leaving ARCC ample room to grow its 30% basket with the SDLP and bolster earnings.
• NAV/share improved to $16.65 from $16.49 Q/Q as sizable realized losses of $123.0 million (primarily pertaining to Infilaw Holdings) was offset by unrealized gains of $215.0 million largely from reversal of prior period depreciation and some positive marks on the portfolio.
• We are revising our 2018 core NII/share estimate to $1.63 from $1.61 and are rolling out our 2019 core NII/share estimate of $1.70." (2/15/2018)
Who are some of Ares Capital's key competitors?
Some companies that are related to Ares Capital include Ally Financial (ALLY), Daiwa Securities Group (DSEEY), MarketAxess (MKTX), AerCap (AER), CIT Group (CIT), Credit Acceptance (CACC), Santander Consumer USA (SC), Virtu Financial (VIRT), Sallie Mae (SLM), Qudian (QD), Lendingtree (TREE), Euronet Worldwide (EEFT), OneMain (OMF), Essent Group (ESNT), First Cash Financial Services (FCFS), Navient (NAVI), Houlihan Lokey (HLI) and Blackhawk Network (HAWK).
Who are Ares Capital's key executives?
Ares Capital's management team includes the folowing people:
- Michael J. Arougheti, Co-Chairman of the Board (Age 44)
- Bennett Rosenthal, Co-Chairman of the Board (Age 53)
- Mitchell Goldstein, Co-President (Age 50)
- Michael L. Smith, Co-President (Age 45)
- R. Kipp deVeer III, Chief Executive Officer, Director (Age 44)
- Penelope F. Roll, Chief Financial Officer (Age 51)
- Scott C. Lem, Chief Accounting Officer, Vice President, Treasurer (Age 39)
- Miriam G. Krieger, Chief Compliance Officer (Age 40)
- Joshua M. Bloomstein, Vice President, General Counsel, Secretary (Age 43)
- Michael R. McFerran, Vice President, Assistant Treasurer (Age 45)
Has Ares Capital been receiving favorable news coverage?
Press coverage about ARCC stock has been trending positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ares Capital earned a media sentiment score of 0.28 on Accern's scale. They also gave news stories about the investment management company an impact score of 46.63 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near future.
Who are Ares Capital's major shareholders?
Ares Capital's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Muzinich & Co. Inc. (2.23%), Vaughan Nelson Investment Management L.P. (1.37%), Confluence Investment Management LLC (1.21%), Arrowstreet Capital Limited Partnership (1.08%), Bank of Montreal Can (0.90%) and Ironsides Partners LLC (0.59%). Company insiders that own Ares Capital stock include Michael J Arougheti, Mitchell S Goldstein, Penelope F Roll and Steve Bartlett. View Institutional Ownership Trends for Ares Capital.
Which institutional investors are selling Ares Capital stock?
ARCC stock was sold by a variety of institutional investors in the last quarter, including Muzinich & Co. Inc., Millennium Management LLC, Clearbridge Investments LLC, BB&T Securities LLC, Ironsides Partners LLC, Gratia Capital LLC, Comerica Bank and Advisory Research Inc.. View Insider Buying and Selling for Ares Capital.
Which institutional investors are buying Ares Capital stock?
ARCC stock was bought by a variety of institutional investors in the last quarter, including Arrowstreet Capital Limited Partnership, Two Sigma Investments LP, Two Sigma Advisers LP, Schroder Investment Management Group, Gilbert & Cook Inc., Baugh & Associates LLC, Maltese Capital Management LLC and Portland Investment Counsel Inc.. Company insiders that have bought Ares Capital stock in the last two years include Michael J Arougheti, Mitchell S Goldstein, Penelope F Roll and Steve Bartlett. View Insider Buying and Selling for Ares Capital.
How do I buy shares of Ares Capital?
Shares of ARCC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Ares Capital's stock price today?
One share of ARCC stock can currently be purchased for approximately $15.25.
How big of a company is Ares Capital?
Ares Capital has a market capitalization of $6.54 billion and generates $1.16 billion in revenue each year. The investment management company earns $667 million in net income (profit) each year or $1.57 on an earnings per share basis.
How can I contact Ares Capital?
Ares Capital's mailing address is 245 PARK AVENUE 44TH FLOOR, NEW YORK NY, 10167. The investment management company can be reached via phone at 212-750-7300 or via email at [email protected]
MarketBeat Community Rating for Ares Capital (ARCC)MarketBeat's community ratings are surveys of what our community members think about Ares Capital and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Ares Capital (NASDAQ:ARCC) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Buy||Buy||Buy||Buy|
|Consensus Rating Score: ||2.80||2.80||2.83||2.82|
|Ratings Breakdown: ||0 Sell Rating(s)|
2 Hold Rating(s)
8 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
2 Hold Rating(s)
8 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
2 Hold Rating(s)
10 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
2 Hold Rating(s)
9 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$18.00||$18.00||$18.00||$17.83|
|Price Target Upside: ||18.03% upside||11.94% upside||11.80% upside||12.55% upside|
Ares Capital (NASDAQ:ARCC) Consensus Price Target History
Ares Capital (NASDAQ:ARCC) Analyst Ratings History
(Data available from 3/20/2016 forward)
Ares Capital (NASDAQ:ARCC) Earnings History and Estimates Chart
Ares Capital (NASDAQ ARCC) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|2/13/2018||Q4 2017||$0.37||$0.38||$301.38 million||$307.00 million||View||Listen|
|11/2/2017||Q3 2017||$0.35||$0.36||$295.02 million||$294.00 million||View||N/A|
|8/2/2017||Q2 2017||$0.36||$0.34||$297.77 million||$284.00 million||View||Listen|
|5/3/2017||Q1 2017||$0.36||$0.32||$294.92 million||$275.00 million||View||Listen|
|2/22/2017||Q416||$0.39||$0.42||$247.12 million||$261.00 million||View||Listen|
|11/2/2016||Q316||$0.38||$0.43||$246.06 million||$258.67 million||View||N/A|
|8/3/2016||Q216||$0.38||$0.39||$250.86 million||$245.26 million||View||N/A|
|5/4/2016||Q116||$0.39||$0.37||$255.19 million||$248.00 million||View||N/A|
|2/24/2016||Q415||$0.39||$0.40||$256.30 million||$261.68 million||View||Listen|
|11/4/2015||Q315||$0.38||$0.41||$253.36 million||$260.95 million||View||N/A|
|8/4/2015||Q215||$0.38||$0.37||$246.24 million||$249.48 million||View||N/A|
|5/4/2015||Q1 2015||$0.39||$0.37||$259.60 million||$253.25 million||View||N/A|
|2/26/2015||Q414||$0.39||$0.42||$263.78 million||$270.92 million||View||N/A|
|11/4/2014||Q414||$0.38||$0.40||$248.25 million||$253.40 million||View||N/A|
|8/5/2014||Q314||$0.37||$0.34||$231.50 million||$224.92 million||View||N/A|
|5/6/2014||Q214||$0.39||$0.38||$230.70 million||$239.70 million||View||N/A|
|2/26/2014||Q114||$0.41||$0.47||$231.67 million||$233.74 million||View||N/A|
|11/5/2013||Q413||$0.40||$0.48||$213.33 million||$246.80 million||View||N/A|
|8/6/2013||Q2 2013||$0.39||$0.38||$200.63 million||$206.12 million||View||N/A|
|5/7/2013||Q1 2013||$0.40||$0.38||$194.41 million||$195.06 million||View||N/A|
|2/27/2013||Q4 2012||$0.41||$0.45||$197.05 million||View||N/A|
Ares Capital (NASDAQ:ARCC) Earnings Estimates
2018 EPS Consensus Estimate: $1.55
2019 EPS Consensus Estimate: $1.67
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Ares Capital (NASDAQ:ARCC) Dividend Information
|Payout Ratio:||96.82% (Trailing 12 Months of Earnings) |
97.44% (Based on This Year's Estimates)
93.83% (Based on Next Year's Estimates)
Ares Capital (NASDAQ:ARCC) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Ares Capital (NASDAQ ARCC) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 0.45%
Institutional Ownership Percentage: 42.67%
Ares Capital (NASDAQ ARCC) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|3/15/2018||Michael J Arougheti||Insider||Buy||25,000||$15.60||$390,000.00||984,535|| |
|2/26/2018||Steve Bartlett||Director||Buy||200||$15.89||$3,178.00||9,200|| |
|2/15/2018||Penelope F Roll||CFO||Buy||3,000||$15.81||$47,430.00|| |
|1/23/2018||Steve Bartlett||Director||Buy||200||$16.21||$3,242.00||9,000|| |
|12/21/2017||Steve Bartlett||Director||Buy||200||$15.73||$3,146.00||8,800|| |
|11/21/2017||Steve Bartlett||Director||Buy||200||$16.32||$3,264.00||8,600|| |
|11/3/2017||Michael J Arougheti||Director||Buy||8,365||$15.85||$132,585.25||937,054|| |
|10/25/2017||Steve Bartlett||Director||Buy||200||$16.60||$3,320.00||8,400|| |
|9/25/2017||Steve Bartlett||Director||Buy||200||$15.77||$3,154.00||8,200|| |
|8/24/2017||Steve Bartlett||Director||Buy||200||$16.12||$3,224.00||8,000|| |
|7/24/2017||Steve Bartlett||Director||Buy||200||$16.48||$3,296.00||7,800|| |
|6/22/2017||Steve Bartlett||Director||Buy||200||$16.21||$3,242.00||7,600|| |
|3/16/2017||Steve Bartlett||Director||Buy||200||$17.29||$3,458.00||7,400|| |
|12/20/2016||Steve Bartlett||Director||Buy||200||$16.00||$3,200.00||7,200|| |
|11/21/2016||Steve Bartlett||Director||Buy||200||$15.78||$3,156.00||7,000|| |
|10/20/2016||Steve Bartlett||Director||Buy||200||$15.37||$3,074.00||6,800|| |
|9/20/2016||Steve Bartlett||Director||Buy||200||$15.60||$3,120.00||6,600|| |
|8/22/2016||Steve Bartlett||Director||Buy||200||$15.72||$3,144.00||6,400|| |
|8/15/2016||Mitchell S Goldstein||Insider||Buy||6,472||$15.45||$99,992.40||195,358|| |
|7/20/2016||Steve Bartlett||Director||Buy||200||$14.77||$2,954.00||6,200|| |
|6/20/2016||Steve Bartlett||Director||Buy||200||$14.20||$2,840.00||6,000|| |
|5/20/2016||Steve Bartlett||Director||Buy||200||$15.12||$3,024.00||5,800|| |
|4/20/2016||Steve Bartlett||Director||Buy||200||$15.05||$3,010.00||5,600|| |
|3/21/2016||Steve Bartlett||Director||Buy||200||$14.26||$2,852.00||5,400|| |
|3/11/2016||R. Kipp Deveer||CEO||Buy||40,000||$13.90||$556,000.00||175,000|| |
|3/8/2016||Scott C Lem||CAO||Buy||1,800||$14.00||$25,200.00||16,287|| |
|2/26/2016||Michael J Arougheti||EVP||Buy||90,000||$13.55||$1,219,500.00||786,876|| |
|2/25/2016||Mitchell S Goldstein||Insider||Buy||19,200||$12.97||$249,024.00||182,740|| |
|2/22/2016||Steve Bartlett||Director||Buy||100||$12.85||$1,285.00||5,200|| |
|1/20/2016||Steve Bartlett||Director||Buy||100||$13.20||$1,320.00||5,100|| |
|12/21/2015||Steve Bartlett||Director||Buy||100||$14.08||$1,408.00||5,000|| |
|9/14/2015||Bates Ann Torre||Director||Buy||8,126||$14.87||$120,833.62||11,000|| |
|8/24/2015||Penelope F Roll||CFO||Buy||7,500||$15.22||$114,150.00||8,147|| |
|8/14/2015||Steven B Mckeever||Director||Buy||1,835||$16.13||$29,598.55|| |
|3/12/2015||Robert L Rosen||Director||Buy||7,500||$16.77||$125,775.00|| |
|3/6/2015||Robert L Rosen||Director||Buy||5,000||$17.57||$87,850.00|| |
|3/4/2015||Robert L Rosen||Director||Buy||7,500||$17.41||$130,575.00|| |
|1/20/2015||Steve Bartlett||Director||Buy||100||$15.97||$1,597.00|| |
|12/15/2014||Penelope F Roll||CFO||Buy||2,000||$15.04||$30,080.00|| |
|12/4/2014||Scott C Lem||CAO||Buy||1,250||$16.00||$20,000.00|| |
|11/26/2014||Scott C Lem||CAO||Buy||1,225||$16.33||$20,004.25|| |
|11/5/2014||Joshua M Bloomstein||VP||Buy||2,500||$16.20||$40,500.00|| |
|11/5/2014||Michael J Arougheti||EVP||Buy||60,000||$16.20||$972,000.00|| |
|11/5/2014||Penelope F Roll||CFO||Buy||3,000||$16.14||$48,420.00|| |
|8/7/2014||R. Kipp Deveer||CEO||Buy||10,000||$16.51||$165,100.00|| |
|8/7/2014||Scott C Lem||CAO||Buy||1,462||$16.97||$24,810.14|| |
|8/6/2014||Joshua M Bloomstein||VP||Buy||1,500||$16.41||$24,615.00|| |
|8/6/2014||Penelope F Roll||CFO||Buy||6,000||$16.43||$98,580.00|| |
|8/6/2014||Scott C Lem||CAO||Buy||300||$16.48||$4,944.00|| |
|5/30/2014||Scott C Lem||CAO||Buy||287||$17.24||$4,947.88|| |
|5/16/2014||Scott C Lem||CAO||Buy||300||$16.81||$5,043.00|| |
|5/15/2014||Michael Lewis Smith||EVP||Buy||10,000||$16.75||$167,500.00||126,012|| |
|5/13/2014||Joshua Bloomstein||VP||Buy||5,000||$16.61||$83,050.00||7,500|| |
|5/9/2014||Michael Arougheti||CEO||Buy||50,000||$16.60||$830,000.00||583,817|| |
|3/7/2014||Scott C Lem||CAO||Buy||275||$17.88||$4,917.00|| |
|12/3/2013||Steven Mckeever||Director||Buy||1,650||$18.16||$29,964.00||1,650|| |
|11/13/2012||Steve Bartlett||Director||Buy||1,000||$16.89||$16,890.00|| |
Ares Capital (NASDAQ ARCC) News Headlines
Ares Capital (NASDAQ:ARCC) SEC Filings
This page is loading this company's SEC Filings. Please wait...
Ares Capital (NASDAQ:ARCC) Income Statement, Balance Sheet and Cash Flow Statement
Ares Capital (NASDAQ ARCC) Stock Chart for Tuesday, March, 20, 2018